interim guarantee
[ˈɪntərɪm ɡærənˈtiː]
nounpl: interim guarantees
garantia provisória
1. A temporary assurance or security provided during a transitional period, pending final confirmation or completion of a transaction
The bank provided an interim guarantee to secure the loan until the property deed was transferred.
O banco forneceu uma garantia provisória para assegurar o empréstimo até que a escritura do imóvel fosse transferida.
2. A preliminary guarantee issued before a permanent guarantee becomes effective
The interim guarantee covered the period between contract signing and final documentation.
A garantia provisória cobriu o período entre a assinatura do contrato e a documentação final.
3. In legal or financial contexts, a temporary protection or pledge given to safeguard interests during ongoing negotiations
An interim guarantee was established to protect both parties during the merger discussions.
Uma garantia provisória foi estabelecida para proteger ambas as partes durante as discussões de fusão.
This is primarily a legal and financial term used in both Brazilian and American business contexts. In Brazil, it is commonly used in real estate transactions, bank loans, and merger agreements. The term reflects the importance of securing temporary protections during transitional periods in commercial transactions, particularly in construction, financing, and corporate dealings.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →